Hakimo Corp

question 45

Multiple Choice

Hakimo Corp. ,a multinational corporation that specializes in audio equipment,has developed a wireless speaker that sits unobtrusively on a desktop.The tiny,yet strong,twin speakers use Bluetooth to stream music directly from a PC or MP3 player.This small wireless speaker,which is radically different from anything currently on the market,can most likely be classified as a:

• A)repositioned product.
• B)revision of an existing product.
• C)discontinuous innovation.
• D)lower-priced product.

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Definitions:

Proprietorships

Types of business organizations owned by a single person, where the owner is personally responsible for the business debts and obligations.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically including an income statement, balance sheet, and statement of cash flows.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations, calculated as current assets divided by current liabilities.

Liquidity

The ease with which an asset can be converted into cash without affecting its market price.